The Automatic Data Processing (ADP) payroll survey indicated that private sector payrolls rose 118,000
last month after a little-revised 157,000 gain, although September's gain
was revised lower. The latest increase was short of the expected 139,000
rise, according to the Action Economics survey.
The U.S. Bureau of Labor Statistics will announce November payroll
employment on Friday. During the last ten years there has been a 96%
correlation between these monthly ADP and the BLS figures.

The survey is based on ADP's business payroll transaction system
covering 406,000 companies and roughly 23 million employees. The data are
processed by Moody's
Analytics, Inc., then calibrated and
aligned with the BLS data. Industry detail has been expanded to include
the professional, business services, trade and transportation services
industries. Also included are manufacturing, construction and financial
activities reported before. Extensive information on the methodology is
given on the ADP website, here.

The ADP National Employment Report data are maintained in Haver's USECON
database; historical figures in the new series date back to March 2001.
The figures in this report cover only private sector jobs and exclude
employment in the public sector. The expectations figures are available in
Haver's AS1REPNA database.